“Strengthening,” Gref replied.
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The head of Sberbank emphasized that the value of the Russian currency is closely linked to oil prices. It is difficult to predict the situation in the oil market. However, Gref trusts one of the “old and experienced” analysts, Henry Grobe, who predicts oil at $ 60-62 per barrel at the end of the year.
“So, the ruble will be in the range of plus or minus 60 to the dollar,” said the head of Sberbank.
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Gref added that a second wave of coronavirus could cause ruble swings. But thanks to the floating rate, the Russian currency has become stronger, he recalled. In his opinion, the 2014 decision to release the ruble and move on to inflation targeting was correct.
“Of course, the economy today is much more flexible to the shocks we met. And she experiences the coronavirus much better than I, for example, expected, ”concluded Gref.
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Video of the day. Families with children will receive new payments.
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